A blog that covers Politics, finance, economics, and science. Perspective is conservative in the non-social sense, but not dogmatically so. Maintained by the Chief Technology Officer of a large Hedge Fund

Thursday, June 23, 2011

Aflac...

....the largest seller of supplemental health insurance, may issue as much as 100 billion yen ($1.24 billion) in debt as it records losses tied to investments in banks from Greece, Ireland and Portugal. Second-quarter losses on the assets will probably be about $610 million, the Columbus, Georgia-based insurer said today in a statement.Additionally, Aflac CEO Amos has added investments in public utilities and Japanese government debt to minimize the company's exposure in Europe.